Sumitomo Mitsui Trust Group Inc. Sells 12,224 Shares of KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of KBR, Inc. (NYSE:KBR - Free Report) by 28.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,264 shares of the construction company's stock after selling 12,224 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in KBR were worth $1,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in KBR by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 12,790,454 shares of the construction company's stock valued at $740,951,000 after acquiring an additional 68,588 shares during the period. Boston Partners raised its holdings in KBR by 12,326.4% in the 4th quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock valued at $188,098,000 after acquiring an additional 3,216,323 shares during the period. Franklin Resources Inc. raised its holdings in KBR by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 2,868,418 shares of the construction company's stock valued at $166,167,000 after acquiring an additional 451,887 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of KBR by 10.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,218,482 shares of the construction company's stock worth $128,517,000 after purchasing an additional 218,327 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of KBR by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,182,921 shares of the construction company's stock worth $126,452,000 after purchasing an additional 130,535 shares during the period. 97.02% of the stock is owned by institutional investors.

KBR Stock Performance

Shares of NYSE:KBR traded down $0.88 during trading on Monday, hitting $46.74. 883,810 shares of the company were exchanged, compared to its average volume of 1,547,498. The stock has a 50 day moving average of $52.10 and a 200 day moving average of $52.76. The company has a market cap of $6.06 billion, a PE ratio of 15.63, a P/E/G ratio of 0.91 and a beta of 0.74. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. KBR, Inc. has a 52-week low of $43.89 and a 52-week high of $72.60.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.88 by $0.10. KBR had a return on equity of 32.55% and a net margin of 4.99%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the company earned $0.77 EPS. The company's revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts predict that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date is Friday, June 13th. This represents a $0.66 annualized dividend and a dividend yield of 1.41%. KBR's dividend payout ratio is presently 22.07%.

Insider Activity at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total value of $1,056,200.00. Following the transaction, the chief executive officer owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on KBR shares. The Goldman Sachs Group downgraded shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective for the company. in a report on Tuesday, May 27th. Truist Financial cut their price target on shares of KBR from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen downgraded shares of KBR from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Finally, Citigroup dropped their price objective on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $64.14.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.